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CAN UNCLE AND NEPHEW BE A PARTNER IN A FIRM

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(Querist)
16 October 2010 DEAR EXPERTS,

CAN UNCLE AND NEPHEW BE A PARTNER IN A FIRM???

RAHUL
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Rajan Kapoor

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Rajan Kapoor (Expert)
16 October 2010 YES, UNCLE AND NEPHEW BE A PARTNER IN A FIRM.
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RAHUL KUMAR TAANK

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RAHUL KUMAR TAANK (Querist)
16 October 2010 sir,
please explain with any law in this regard.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 October 2010 Since there is no express prohibition in the Indian Partnership Act,1932 uncle and nephew (if major)can be partners in a partnership firm.
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Ankur Garg

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Ankur Garg (Expert)
18 October 2010 Very much possible.

Relatives are allowed to enter in the partnership.
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RAHUL KUMAR TAANK

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RAHUL KUMAR TAANK (Querist)
28 October 2010 SIR THANKS TO ALL EXPERTS FOR CLEAR THIS CLARIFICATION .

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